Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (55 quarters reported)
$111M in Q4 2012 → $190M now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| LM Liberty Media Corporation Series C | 15.2% | Added 167% | 312,499 | $28.9M |
| FC Fox Corporation Class B | 12.7% | New | 428,698 | $24.1M |
| IM Ishares Msci Acwi ETF | 10.7% | Added 94% | 128,920 | $20.5M |
| Stevanato Group Spa | 5.7% | Trimmed 23% | 517,487 | $10.9M |
| Pershing Square Usa, Ltd. | 5.4% | Trimmed 33% | 275,355 | $10.2M |
| LM Liberty Media Corporation Series A | 5.3% | Trimmed 2.8% | 119,858 | $10.1M |
| Halozyme Therapeutics, Inc. | 3.8% | Added 20% | 65,933 | $7.28M |
| AC Alphabet Inc. Class A | 3.6% | Trimmed 23% | 19,758 | $6.8M |
| FN Ferrovial N.v. | 3.0% | Trimmed 19% | 104,778 | $5.67M |
| Amazon.com, Inc. | 2.8% | Trimmed 17% | 21,239 | $5.29M |
| Shenandoah Telecommunications Company | 2.8% | Trimmed 49% | 469,934 | $5.27M |
| LL Liberty Live Holdings, Inc. Registered Series -a- | 2.3% | Trimmed 36% | 45,586 | $4.31M |
| LL Liberty Live Holdings, Inc. Series -c- | 2.2% | Unchanged | 42,966 | $4.18M |
| Thomson Reuters Corporation | 2.2% | Trimmed 12% | 42,753 | $4.16M |
| CG Cme Group Inc. Class A | 2.1% | Trimmed 45% | 14,992 | $3.93M |
| Nvidia Corporation | 1.9% | Trimmed 35% | 16,197 | $3.7M |
| Colliers International Group Inc. | 1.9% | Added 16% | 40,276 | $3.62M |
| TG Tko Group Holdings, Inc. Class A | 1.8% | Trimmed 30% | 19,322 | $3.47M |
| HK Horizon Kinetics Inflation Beneficiaries ETF | 1.8% | Trimmed 37% | 67,016 | $3.36M |
| IM Ishares Msci Japan ETF | 1.7% | Trimmed 38% | 32,452 | $3.16M |
| RP Royalty Pharma PLC Class A | 1.5% | Trimmed 69% | 50,489 | $2.95M |
| IU Ishares Ultra Short Duration Bond Active ETF | 1.5% | Trimmed 28% | 57,520 | $2.9M |
| Corteva Inc | 1.3% | Trimmed 1.6% | 31,219 | $2.42M |
| Loews Corporation | 1.3% | Added 317% | 23,210 | $2.42M |
| Thermo Fisher Scientific Inc. | 1.2% | New | 3,352 | $2.26M |
| VC Visa Inc. Class A | 1.0% | Trimmed 68% | 5,195 | $1.87M |
| SS Shake Shack, Inc. Class A | 0.8% | Trimmed 35% | 24,519 | $1.44M |
| FT First Trust Rba American Industrial Renaissance ETF | 0.7% | Trimmed 76% | 12,781 | $1.32M |
| Tamboran Resources Corporation | 0.5% | Trimmed 82% | 27,854 | $918K |
| Cheniere Energy, Inc. | 0.4% | Trimmed 36% | 2,952 | $794K |
| Telephone And Data Systems, Inc. | 0.4% | Trimmed 91% | 19,945 | $677K |
| Microsoft Corporation | 0.3% | Trimmed 71% | 1,046 | $536K |
| S&P Global, Inc. | 0.2% | Trimmed 68% | 984 | $388K |
| American Water Works Company, Inc. | 0.2% | Trimmed 69% | 2,497 | $323K |
| Netflix, Inc. | 0.1% | New | 2,324 | $162K |
| Texas Roadhouse, Inc. | 0.1% | Trimmed 84% | 930 | $145K |
| MG Mobility Global Inc | 0.0% | New | 4,417 | $75.8K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FC Fox Corporation Class B | New | +428,698 | +$24.1M | 12.7% |
| LM Liberty Media Corporation Series C | Added | +195,639 | +$18.1M | 15.2% |
| Uber Technologies, Inc. | Exited | −192,828 | −$13.9M | — |
| IM Ishares Msci Acwi ETF | Added | +62,575 | +$9.93M | 10.7% |
| RP Royalty Pharma PLC Class A | Trimmed | −113,760 | −$6.64M | 1.5% |
| Telephone And Data Systems, Inc. | Trimmed | −192,900 | −$6.54M | 0.4% |
| Shenandoah Telecommunications Company | Trimmed | −460,209 | −$5.16M | 2.8% |
| Pershing Square Usa, Ltd. | Trimmed | −133,173 | −$4.94M | 5.4% |
| FT First Trust Rba American Industrial Renaissance ETF | Trimmed | −41,488 | −$4.28M | 0.7% |
| Tamboran Resources Corporation | Trimmed | −127,625 | −$4.21M | 0.5% |
Showing the 10 largest of 42 changes.
quarter ended June 30, 2026 · filed July 07, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| NC News Corporation Class A | Exited | −1,580,929 | −$39.4M | — |
| Pershing Square Usa, Ltd. | New | +408,528 | +$15.3M | 7.0% |
| Uber Technologies, Inc. | Added | +148,802 | +$10.7M | 6.4% |
| Brown & Brown, Inc. | Exited | −81,433 | −$5.31M | — |
| RS Ryan Specialty Holdings, Inc. Class A | Trimmed | −120,432 | −$4.55M | 1.9% |
| CG Cme Group Inc. Class A | Trimmed | −19,506 | −$4.31M | 2.7% |
| Halozyme Therapeutics, Inc. | New | +55,023 | +$4.31M | 2.0% |
| NC News Corporation Class B | Exited | −148,990 | −$4.25M | — |
| Tamboran Resources Corporation | Added | +130,157 | +$4.23M | 2.3% |
| IU Ishares Ultra Short Duration Bond Active ETF | New | +79,721 | +$4.03M | 1.9% |
Showing the 10 largest of 45 changes.
quarter ended March 31, 2026 · filed April 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TG Tko Group Holdings, Inc. Class A | Trimmed | −69,717 | −$14.1M | 3.0% |
| HK Horizon Kinetics Inflation Beneficiaries ETF | New | +172,724 | +$8.99M | 3.7% |
| RP Royalty Pharma PLC Class A | Trimmed | −174,619 | −$8.38M | 4.1% |
| Telephone And Data Systems, Inc. | New | +196,421 | +$8.27M | 3.4% |
| RS Ryan Specialty Holdings, Inc. Class A | Trimmed | −229,069 | −$7.73M | 3.2% |
| Danaher Corporation | Exited | −30,694 | −$7.03M | — |
| Morningstar, Inc. | Exited | −31,887 | −$6.93M | — |
| LL Liberty Live Holdings, Inc. Registered Series -a- | New | +72,899 | +$6.68M | 2.7% |
| NC News Corporation Class A | Trimmed | −254,914 | −$6.36M | 16.1% |
| FT First Trust Rba American Industrial Renaissance ETF | New | +55,441 | +$6.14M | 2.5% |
Showing the 10 largest of 50 changes.
quarter ended December 31, 2025 · filed January 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BS Bentley Systems, Incorporated Class B | Trimmed | −285,990 | −$10.9M | 0.5% |
| Procore Technologies Inc | Trimmed | −93,779 | −$6.82M | — |
| AH Aercap Holdings Nv | Exited | −47,694 | −$5.77M | — |
| Willis Towers Watson Public Limited Company | Exited | −16,247 | −$5.61M | — |
| SS&C Technologies Holdings, Inc. | Trimmed | −62,273 | −$5.44M | 1.5% |
| A Amrize Ltd | Exited | −111,500 | −$5.41M | — |
| SS Shake Shack, Inc. Class A | New | +64,127 | +$5.21M | 1.7% |
| Shenandoah Telecommunications Company | Added | +425,582 | +$4.92M | 3.7% |
| TG Tko Group Holdings, Inc. Class A | Trimmed | −21,609 | −$4.52M | 7.3% |
| Kkr & Co Inc | New | +27,703 | +$3.53M | 1.2% |
Showing the 10 largest of 45 changes.
quarter ended September 30, 2025 · filed October 16, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Microsoft Corporation | Trimmed | −41,116 | −$21.3M | 3.3% |
| VC Visa Inc. Class A | Trimmed | −58,103 | −$19.8M | 2.1% |
| Union Pacific Corporation | Exited | −85,779 | −$19.7M | — |
| Willis Towers Watson Public Limited Company | Trimmed | −51,718 | −$17.9M | 1.5% |
| CG Cme Group Inc. Class A | Trimmed | −51,872 | −$14M | 4.0% |
| SS Shake Shack, Inc. Class A | Exited | −89,506 | −$12.6M | — |
| AC Alphabet Inc. Class A | Trimmed | −49,689 | −$12.1M | 1.5% |
| Stevanato Group Spa | Added | +422,478 | +$10.9M | 4.2% |
| Arthur J. Gallagher & Co. | Exited | −33,884 | −$10.8M | — |
| Booking Holdings Inc. | Exited | −1,777 | −$10.3M | — |
Showing the 10 largest of 48 changes.
quarter ended June 30, 2025 · filed July 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Frontier Communications Parent, Inc. | Trimmed | −645,464 | −$23.5M | 1.6% |
| Kenvue, Inc. | Exited | −858,076 | −$20.6M | — |
| Rxo, Inc. | Exited | −765,534 | −$14.6M | — |
| BS Bentley Systems, Incorporated Class B | Added | +246,408 | +$13.3M | 3.6% |
| SS Shake Shack, Inc. Class A | Added | +89,004 | +$12.5M | 2.3% |
| Cdw Corporation | Trimmed | −60,919 | −$10.9M | 0.8% |
| Ge Healthcare Technologies Inc. | Trimmed | −137,204 | −$10.2M | 1.1% |
| Microsoft Corporation | Trimmed | −15,021 | −$7.47M | 5.8% |
| AC Alphabet Inc. Class A | Trimmed | −41,517 | −$7.32M | 2.3% |
| CG Cme Group Inc. Class A | Trimmed | −21,508 | −$5.93M | 5.3% |
Showing the 10 largest of 49 changes.
quarter ended March 31, 2025 · filed April 23, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Booking Holdings Inc. | Trimmed | −3,423 | −$15.8M | 1.9% |
| Microsoft Corporation | Added | +33,465 | +$12.6M | 4.8% |
| AC Alphabet Inc. Class A | Trimmed | −70,371 | −$10.9M | 2.8% |
| VC Visa Inc. Class A | Trimmed | −26,094 | −$9.14M | 5.5% |
| Texas Roadhouse, Inc. | New | +45,054 | +$7.51M | 1.2% |
| LI Lennox International Inc Com Usd0.01 | Exited | −11,842 | −$7.22M | — |
| NC News Corporation Class B | New | +235,601 | +$7.16M | 1.2% |
| IB Interactive Brokers Gro-cl A Com Stk Class 'a' Usd0.01 | Exited | −34,867 | −$6.16M | — |
| Kenvue, Inc. | Added | +244,043 | +$5.85M | 3.3% |
| NC News Corporation Class A | Trimmed | −214,509 | −$5.84M | 6.7% |
Showing the 10 largest of 40 changes.
quarter ended December 31, 2024 · filed April 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Yum China Holdings Inc | Exited | −434,953 | −$19.6M | — |
| RI Rxo Inc-w/i | New | +765,534 | +$18.3M | 2.9% |
| Booking Holdings Inc | Trimmed | −3,524 | −$17.5M | 4.7% |
| LC Louisiana-pacific Corp Com Usd1 | Exited | −154,276 | −$16.6M | — |
| Kenvue Inc | New | +614,033 | +$13.1M | 2.1% |
| IB Interactive Brokers Gro-cl A Com Stk Class 'a' Usd0.01 | Trimmed | −66,851 | −$11.8M | 1.0% |
| NY New York Times Co-cl A | Exited | −189,322 | −$10.5M | — |
| SS Shake Shack Inc - Class A Shak | Exited | −92,574 | −$9.55M | — |
| Ferguson Enterprises Inc | Exited | −44,974 | −$8.93M | — |
| Roper Technologies Inc | New | +14,302 | +$7.43M | 1.2% |
Showing the 10 largest of 46 changes.
Loading...
